Yesterday, the President's shock shock led to a steep reversal in the US capital market in the last two and a half hours of the session. Trump talked about introducing China's 200 billion dollar import duties from China, cutting off the enthusiastic feeling about trade relations. Subsequently, even the exit from the WTO was discussed. After an Asian session that came with both China's retaliatory threats and good news, including the raising of the limit from which Chinese income taxes begin. Today, both Chicago PMI and consumer confidence estimated by Univ. of Michigan have exceeded expectations, but returning from the market may also have to do with the expectation of a response from Canada after the success of rewriting the US-Mexican agreement in the old NAFTA. Now investors seem to have overcome the stress generated by Trump's message.
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